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. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forward. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad da
>>> glad to have you with us on this edition of "newsline." it's friday, november 9th. president assad says he will live and die in syria. he dismissed rumors he will leave his country and warned against any military intervention. he says he is staying where he is and a foreign intervention would lead to a catastrophe. >> it will have a domino affect. >> government and opposition forces have not let up in their fact. the rebels fired at the presidential palace in damascus on wednesday where assad is believed to be staying. >>> japanese lead esers are concerned about the number of ships from china's waters to the east sea. chinese ships started to appear in japanese waters on a regular basis in september just after japan nationalized three of the century senkaku islands. >>> chinese leaders are taking part in a process that's highly control and highly secretive. the meeting happens every five years. delegates will approve new policies and appoint leaders for the five years to come. >> reporter: the congress opened thursday morning in beijing's great hall of the people. it's about
of early elections. one of the world's biggest consumers of fuel may be self-relia self-reliant. u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected surge in production of shale gas. a type of natural gas trapped in under ground rock. america relies on it for 20% of import needs. now let's get a check on the markets. the yen is losing ground slightly against the dollar and the euro. dollar/yen is changing hands at 79.57 and the euro/yen is quoted at 100.99 to 104. debt stricken greece could get bail out funds. share prices are rising slightly in tokyo. this morning the index stands at 8,695. that's up about two-tenths of a percent. the index fell six days
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up china's next generation of leaders. we've heard their names before, xi jinping and li keqiang. and we'll be hearing them for years to come. they'll be chosen for top communist party posts next week and unveiled to the world. analysts say xi will become general secretary, taking over for president hu jintao. chinese vice president xi jinping is 59 years old. communist party leaders named xi vice chairman of the central commission in 2010. xi's taken an active role in diploma city as well as domestic affairs. >> xi jinping's pather was a vice premier, so xi became part of china's informal princeling network. princelings gain power by taking advantage of their parents and status and ties to influential fingers. but xi didn't have it easy. authorities ousted his father and jailed him during the cultural revolution. xi was forced to work in the countryside as a teenager. he went to a prestigious university in beijing from 1975 to 1979. and then he spent
country is ready to do what it takes to defend its people. u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the discussions forward. negotiations between the six nations and iran have been suspended since they last met in june in moscow. the two sides have failed to make any significant progress on the issue. they are demanding iran halt its program. it's concern that the end product could be used to develop nuclear weapons. foreign policy chief kathryn ashton and negotiators of the six countries will discuss a new nuclear proposal for iran. >>> the company responsible for the massive gulf of mexico oil spill is facing the largest criminal fine in
. >>> glad to have you with us on this edition of "newsline." asia pacific leaders set their sights on an ambition goal, creating a trading block with an output of $20 trillion. a total population of about 3.4 billion people. the leaders of 16 countries have agreed to start negotiations in the new year. the heads of the association of southeast asian nations met in cambodia's capital. the leaders of six regional partners including japan, china, and india joined them at the summit. they issued a joint kmun ka that said they hope to reach agreement by the end of 2015. leader from japan, china, and south korea agreed to start talking on a free trade agreement of their own. they said they would put aside the territorial disputes between japan and the two other nations. japanese officials want to ease restrictions to give them more access to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an
. >>> the leaders of asia's top economies want to work out a free trade agreement. ramin mellegard joins us from the business desk. there are so many trade negotiations going on worldwide. what are the details in this case? >> catherine, representatives of japan, china, and south korea are trying to get together this month to talk about starting negotiations for a free trade pact. the countries have agreed there are benefits to strengthening economic ties as the move towards free trade accelerates worldwide. leaders of the three countries had agreed in may that they would begin the trade negotiations by the end of this year. been made in working-level meetings but prospects for the talks were unclear in the shadow of the japan/china territory i am dispute over islands in the east china sea. the official launch of fta talks is now expected to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the h
program. he'll likely ask china to persuade the north to skrapt launch. u.s. analysts said recent satellite photos said pyongyang may fire another missile. north korean military leaders launched what they called a satellite from the same pace in april. western intelligence analysts said the device, which crashed, was a long-range missile. >>> people at a japanese electronics company are interested in strength ning their renewable energy depart uchida from the businessk joins us now. >> i want to tell you specifically about rechargeable batteries or storage batteries. they're use envelope households during pow area outages, they're useful to drivers who use them in place of gasoline. the people at nec in japan understand that this is a growing and important market. the japanese electronics firm will join the bidding for a bankrupt u.s. company making storage batteries. nec officials say they want to buy the failed batterymaker a 1, 2, 3 systems. the u.s. firm filed for bankruptcy protection last month. it will be up for auction in early december. sources say nec could end up paying
. that means palestinians have gained more powers but u.s. and isiseli leaders argue it throws up more barriers on the road to peace. >> reporter: it was a historic day for palestinians. before the vote palestinians president made his last plea to gain the support of delegation from u.n. member states. >> translator: i am hoping everyone's decision will give a birth certificate to the state of palestine. >> the assembly voted on a resolution to award palstines nonmember state. >> the result of the voting is as follows. in favor, 138. opposed, 9. abstentions, 41. >> reporter: an overwhelming majority voted in favor. among the minority who voted against resolution were israel and the united states. they argue that the palestine state hood should be negotiated between the two parties first. thursday's vote was a significant victory for the palestinians after their bid to gain full u.n. membership was shelved in the security council. being recognized as a state pal stain my exercise its new right to investigate alleged war crimes by israel. critics say it would the detrimental. it remains to be see
the seat allocation breaks down among the parties in the election. >>> u.s. government officials always closely monitor elections in japan. one spoke to nhk, saying they believe there's a possibility that the liberal democratic party could regain power. >>> meanwhile, japan's biggest neighbor has a demand for the next government. >> translator: what's urgently needed is that japan should take appropriate action to resolve existing problems and rebuild relations with china. >> analysts say chinese officials are waiting to see how the result of the election will affect ties between the countries. relations have been strained since the end of the summer when a long-standing dispute over islands in the east china sea flared up again. >>> the fate of some major economic and energy policies planned under the noda administration is now up in the air following the dissolution of the lower house. the diet won't be able to consider these policies until after a new administration is sworn in following the general election. noda's government decided last month to spend nearly $5 billion trying to g
reaffirmed egypt's commitment to the palestinian cause and a need for just resolution. u.s. secretary of state hillary clinton helped negotiate the deal. she promised to work with partners in the region. the israeli military killed about 160 palestinians during the conflict. palestinian militants fired rockets from the gaza strip that killed five israelis. prime minister netanyahu said the right thing is to reach a lasting cease-fire but he warned of a wider military operation if security was threatened. hamas leader mashau warned his forces would resume attacks if israel broke the truce. >>> people in jerusalem are wondering if the cease-fire will hold. cohey sue gee has covered the middle east for years. he was in gaza on the first day of the offensive. kohei, why did the two sides agree to this truce? >> reporter: well, thousands of rockets have been fired since israeli forces withdrew from gaza in 2005. the israelis seemed to have come to the conclusion that they succeed the in reducing the ability of hamas to attack. and i think the influence of the u.s. contributed to bringing a
heroes because they stood up and said, "you are not going to take the vote away from us." some people stood in line for six, seven and eight hours. some had been in areas that had been damaged by the storm. and i just think that they were there upholding democracy. so that's the first thing that i remember about it. >> they were also there making delicious pecan tarts. because when i voted, the kids in the school were selling baking goods, and they were having a great time of it. what will you remember? >> oh, that's a tough one to say. i think that for a lot of conservatives and a lot of republicans this was a very disappointing election that opened a lot of folks' eyes to some of the deeper changes that have happened in the country, much more so in some respects than the 2008 election -- which i think a lot of folks wrote off as a one off, as a fluke, something that reflected very unique historical circumstances. but i think this election really did demonstrate that there's been a dramatic change, particularly with regard to social issues and how folks talk about them. so i think th
>>> hello, here in tokyo and you're watching "asia 7 days." thanks for joining us. let's get right to the news. american voters have chosen barack obama as their leader for another four years. asian heads of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region.
the u.s. he said american official leaders have promised to minimize the global consequences of official tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are runni
model is at war with life on this planet. it's at war with us." >> and-- >> there's something fundamentally flawed about a system where in order to get elected the members of congress have to rely on the very people who are lobbying them day in and day out. because that's their principal source of funding, those lobbyists and the interests they represent. >> funding is provided by: carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org." anne gumowitz. th
. ♪ >>> welcome. to the story of a warrior, told in his own words. what he has to say is for all of us to hear, but especially those of us who have never been in combat. karl marlantes, a small-town boy from oregon, the son of a soldier, a graduate of yale, landed in vietnam in october 1968 and was placed in charge of 1st platoon, charlie company, 1st battalion, 4th marine regiment. one year later he came home with two purple hearts, the navy cross, the bronze star, ten air medals, and memories that screamed at him. in the late '90s he asked the veterans administration for help and began treatment for post-traumatic stress disorder. two years ago he published a novel. he had been working on it ever since he came home from vietnam. "matterhorn: the story of a yung second lieutenant leading a rifle platoon of 40 marines on a remote jungle hill." critics called it "a powerhouse -- tense, brutal honest," "unforgettable," "moving and intense." karl marlantes has now written a second book, a nonfiction memoir and meditation on what it is like to go to war. read it and you will be closer than you can
us from the business desk. >> we've been reporting for quite a while now on government leaders really trying to attempt to wrestle with their budgets along with international lenders and it looks like this latest effort is going to drag on until later this month. eurozone finance ministers have shelved a decision on another bailout for greece until november. they want an austerity deal with international lenders first. finance ministers from 17 countries held a telephone witness to discuss the bailout. they said greece has yet to reach agreement on specification austerity measures with its creditors. the creditors include the european union and international mown tear fund. the austerity measures are a precondition for fresh emergency loans to avoid a potential default. the finance ministers urged the greek government to reach a consensus on labor reforms. the ministers will again discuss the greek bailouts when they meet on november 12th. greece is taking that pressure from the eu seriously. the government there has submitted a revitdsed draft budget to parliament outlining yet more
activists have insisted that forces have been using bombs in their civil war. now opposition activists say the pilots have dropped one on a playground. they say the air strike killed ten children. opposition forces captured an air base on sunday near damascus. government troops responded with air attacks on towns around the bay. one fighter jet bombed the playground in a village east of the capital. video shows what appeared to be the shell of a cluster bomb and canisters of smaller bombs. cluster bombs scatter over a wide area increasing casualties. syrian officials have not signed the agreement. the international group human rights watch reported last month that government forces had used the bombs. government officials say they don't have such weapons. >>> some scientists warn only drastic cuts in emissions of greenhouse cases will save the environment. they're trying to come up with a new frame work to reduce emissions. representatives of developed and developing nations remain divided over how to move forward. >>> delegates are trying to figure out what to do after the protocol expire
to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing funds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the structure to last for 100 years. workers are scheduled to complete the project in 2015. they have to minimize their exposure to radiation. japan, the united states, and europe are providing financial support. project man
effort. >> it will be the first loan in almost 26 years. they will use it to refurbish a power plant. they plan to invest in the commercial economic zone. japan's government will extend the loans in february of next year. they promise to make the country more attractive to foreign investors. >>> expecters in japan are hoping they will be able to shift more of their products to neighboring countries. exporters need any help they can get. >> not only that they are struggling against trade barriers and they are hoping one may be on the way because japan and south china will start trade talks. trade officials from the nations will meet on the sidelines. the delegates are japan strait minister, china's commerce minister and trade negotiator. the ministers agreed in may during talks in beijing to begin negotiations by year end. it took them a while to deliver on their promise due to disputes between japan and the two neighbors. japanese leaders are aiming to build on the fda talks to improve ties with china and south korea. the ten member association of southeast asian nations including ja
the rest of us knew what hit us. that little speech about the richest 1% of the demise of democracy proved to be prophetic. flesh and blood americans are living now every day with the consequences -- >> my name is amanda greubel. i am 32 years n and raised in iowa. i've been married for ten years today to my high school sweetheart, josh. he's the high school band director of the same district where i am the family resource center director. we have a five-year old son benen, and our second child on the way in december, like a lot of american families we have a lot of debt. mortgage, two vehicle, and because we both have master's degrees a lot of student loan debt. >> amanda was invited to testify last summeralt a senate hearing on how americans are coping in hard times. when the state cut funding for local school districts, amanda and her husband feared they might lose their jobs. at the same minute, they were spared although her salary was reduced by $10,000. >> $10,000 might not seem like a lot to some people, but that loss of income required a complete financial eemotional and spiritual
was indispensable as crucial to the good news. >> we will get to climate change next. >> for us to say that this is what i generation and will not happen again, i think it would be shortsighted. part of learning from this is the recognition that climate change is a reality, extreme weather is a reality. >> new york governor andrew cuomo also said that 100-year storms are coming every two years. hate to bring his name up, but how or predicted this. -- al gore predicted this. >> he sure did. >> they have seeress in the netherlands -- sea barriers in the netherlands. >> this may not be a question of the sea barriers. this heavy jet stream that came through -- that is caused by some of the warming taking place in the arctic. hence global warming is a problem. >> but back to al gore. al gore did not talk about the environment when he was running for president, and these guys did not talk -- >> when he was running in 1988 he talked about it. >> when you have the mitt romney as governor running against this obama, their positions would not have been different mitt romney ndorser of cap- and-t
ace chung leave for the united states in may. he using the internet mostly for his activism. >> translator: the communist party is the biggest violator of the rights of the chinese people. >> reporter: however, his activities are monitored closely. and he continues to be harassed. one time he was attacked by police agents as he left his house. another time he found the tires of his car had been flattened. his wife is also an activist. in this video she's being obstructed as they leave the house. the harassment has extended to the whole family. the situation got so bad that his wife left for hong kong in september together with their daughter who was 4 at the time. they were worried that they were no longer safe in beijing. >> translator: i'm happy that my wife and daughter will be somewhere that's safe and free. but i'm really going to miss them. >> reporter: eleven days after they left on september 18th, hu was placed under house arrest. a week later on october 25th, ahead of the communist party congress hu was moved to a province 1,200 kilometers south of beijing. the auth
and rocket fire killed more than 160 palestinians and 5 israelis. >>> south koreans will soon >>> the u.s. ambassador is used to defending her foreign policy decisions. susan rice has broken her silence to defend herself. she's a candidate for secretary of state but she's faced scrutiny because of comments she made on the attack in benghazi, libya. rice made a tv appearance immediately after the september 11th attack. she suggested protests in benghazi over a u.s.-made film that mocked the prophet mohammed triggered the assault on the consulate. investigators later determined it was likely a premeditated plot by extremists. the attackers killed the ambassador and three other americans. rice broke her silence wednesday in response to rising criticism from members of the republican party. >> i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary. and that our investigations would give us the definitive answers. >> republican lawmakers are mounting a campaign against a possible plan by president barack o
with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security and legitimate aspirations of the israelis and palestinians alike. >> if there is a possibility of achieving a long-term solution of this problem through diplomatic means, we prefer that. if not, then i'm sure you understand israel will have to take whatever action is necessary to defend its people. >> i will borrow the opening question from the "washington post" columnist david ignatius. the question is, is there any escape from this palestinian version of heil? >> there is not. it goes back to what was said in the beginning, that critics have said that israel has turned got into a prison. we seem to not remember that seven years ago when israel left gaza. in front of the cameras of the world, at every soldier, every se
the opposition. the 47% notion -- that is important to his presidency. >> nina, break it down for us. >> i do not think he has a mandate. i think the republicans and democrats both have a mandate for compromise. when you heard from republicans -- it is like mitch mcconnell who said his job was to see that obama is never reelected. so, he has an edge year. he does have leverage. but it will be a long haul. he does need partners. >> rich mcconnell is on record as saying that -- mitch mcconnell is on the record as saying that he knows that the election makes some people think that the republicans are going to roll over. that does not sound like compromise. >> your definition of compromise is rolling over and excepting higher tax rates. that is the democratic definition of compromise. i would never suggest bias. the president ran -- i will say it -- the most negative campaign. he did not run on his record. he could not. he did not run on a program. there is one thing he got a mandate for, and he now has a mandate to raise the top tax rate on two percent of the population by four. ? that is the sm
term, "tampa socialite." general allen is in charge of the fate of 82,000 u.s. troops. ofi don't know the content those are, how many came from him, i don't know those things but we don't know the nature of that relationship. quite a different relationship between allen and joe kelly and petraeus and broadwell -- and jill kelley and petraeus and broadwell. >> why didn't the justice department tell the white house what was going on? >> if they had, we would be screaming cover-up at the white house. damned if you do, damned if you don't. bell and sisson, is that he be told when high-level people were under investigation but not tell the president. it would compromise the investigation -- >> there was an election going on. >> there was, and i agree with nina. you have to be careful that you don't put yourself in the position of the cover-up. what is conduct that is worthy of blackmail? the director of national intelligence, what we all say it is. petraeus could be blackmailed by it and fired by it -- >> the fbi agent thought he was doing his duty. >> he is shirtless and he goes to a cong
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